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Oct 30, 2012
10/12
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tomorrow, that is the measure of output that is in the economy. the devastation of infrastructure in a city like new york city that has never seen this kind of devastation and the cost of that as well. not only of rebuilding but the lost cost of tourism and other things. opportunity costs not being able to get into the city because of amtrack and the airport being closed down. and all of those things what else would you have spent that $1 billion on? right now, you can think maybe we need to start thinking of the intrastructure of wall street in that area. an t what do you watch at this point? >> how quickly you get the power back on. i know you got the weather center on. >> well, you talk about idle people, that takes away from the nation's gdp. >> all right we are getting word that the death toll has climbed to 44. long island almost one million without power. many in the entertainment and political world have property there. >> long island one of the hardest hit areas. this building behind me used to be a bar and restaurant. it is completely de
tomorrow, that is the measure of output that is in the economy. the devastation of infrastructure in a city like new york city that has never seen this kind of devastation and the cost of that as well. not only of rebuilding but the lost cost of tourism and other things. opportunity costs not being able to get into the city because of amtrack and the airport being closed down. and all of those things what else would you have spent that $1 billion on? right now, you can think maybe we need to...
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318
Oct 29, 2012
10/12
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> and we'll get larry kudlow's take on how the storm could impact gdp, the strength of the nation's economy. we'll be right back. < [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning,
> and we'll get larry kudlow's take on how the storm could impact gdp, the strength of the nation's economy. we'll be right back. < [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning,
212
212
Nov 1, 2012
11/12
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it is the opposite, the total opposite of free market economi economics. and one of the functions of the utility is to provide shareholders with a decent rate of return which means you can make the infrastructure changes that you can't. you're a victim of government al control. it's the exact opposite of free market economics. >> it's a balance. no question about it. regulators are very sympathetic to utilities needs to enhance the infrastructure, but they have citizens breathing down their neck or want the rates cut or reduced. >> why didn't the markets set the rates? that's what i'm really asking. >> you can't do that with this asset. the thing that gets the juice from the generator on the customer, you can't have duplicate systems. and you would need duplicate systems if you really want that had kind of competition that you just inferred. >> that's what the distribution, but what about the purchase of the power itself. there are ways to deregulate this industry that would present who are competition, isn't there? >> no n. moin most cases there open mark
it is the opposite, the total opposite of free market economi economics. and one of the functions of the utility is to provide shareholders with a decent rate of return which means you can make the infrastructure changes that you can't. you're a victim of government al control. it's the exact opposite of free market economics. >> it's a balance. no question about it. regulators are very sympathetic to utilities needs to enhance the infrastructure, but they have citizens breathing down...
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190
Nov 2, 2012
11/12
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i'm an expert on the economy. i'll tell you why the economy is down, why politicians are trying to hold it down, ask the political expert. >> tell me in economic terms. in other words, i thought you were having countercyclical. robert reich is talking about kou countercyclicals. the unemployment rate has come down to just under 8%. shouldn't safety net programs be automatically pulled back? it seems like that's not happening this cycle. and i want to know why. >> they made a new set of rules and they are rules that two on indefinitely. they modernized eligibility for unemployment insurance to name one of a dozen. there's no plans to unmodernize it. modernize means letting a lot more people in who don't have strong attachments to the workforce. >> here's something, mr. mulligan, professor mulligan has an important point. there are a lot of people now who are less attached to the workforce than they used to be. we have about almost 14% to 18% of our workers are contingent workers. part-time workers looking for full-
i'm an expert on the economy. i'll tell you why the economy is down, why politicians are trying to hold it down, ask the political expert. >> tell me in economic terms. in other words, i thought you were having countercyclical. robert reich is talking about kou countercyclicals. the unemployment rate has come down to just under 8%. shouldn't safety net programs be automatically pulled back? it seems like that's not happening this cycle. and i want to know why. >> they made a new set...
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Oct 31, 2012
10/12
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what do you think the impact of sandy is on the economy? >> a short term, it's going to negatively empa lly impact reta and may be higher. however, the impact tends to be short-lived where we tend to see a recovery. we have to rebuild these homes. so the long-term effect is quite snaul the sense that we usually recover the economic lost output, short-term. >> you recoop the loss. you can't be blowing out bridges and buildings. what i want to know is let me use $50 billion. that's a pretty good round number. don't you think -- and the american spirit, that's what i want to talk about. they're going to rebuild. they're going to reopen. the stores are going to reopen. the factories are going to reopen. people are going to go after these hopes that got so terribly devastated. i think that's going to happen sooner, joe. i think that happens in november, and i'm not even sure the fourth quarter will be hurt by this. >> that could happen. we did see with katrina -- i mean, gdp did get a lift shortly there after katrina. i'm just saying there's goi
what do you think the impact of sandy is on the economy? >> a short term, it's going to negatively empa lly impact reta and may be higher. however, the impact tends to be short-lived where we tend to see a recovery. we have to rebuild these homes. so the long-term effect is quite snaul the sense that we usually recover the economic lost output, short-term. >> you recoop the loss. you can't be blowing out bridges and buildings. what i want to know is let me use $50 billion. that's a...